Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Not going to lie, falling from $109,000 to $78,000 was rather unsettling, for me at least. I know we’ve HODLED through similar and even worse corrections in previous bull markets, percentage wise. But for me, it feels a lot worse when you’re watching your net worth dump by so much money. The money involved now is so much more than it was when our coins were losing $40 each per day or something at the same % dip as we saw from $109,000 to $78,000.
Exactly this! Seeing your net worth (FIAT-wise) decrease drastically feels the worst this cycle. But don't forget 1BTC=1BTC. but
watching eggs go from $1.39 to $10.00
watching lamb roast go from $39 to $67
watching lamb steaks go from $12 to $20
watching a loaf of bread go from $2 to $5
watching my garbage pickup go from $250 a year to $1500 a year.
watching my house insurance go from $500 to $1200
watching my car insurance go from $1000 to $3000 no claims in 30 years
is way more frightening and depressing.
edit prices are from 2019 to 2025
I thought that I already addressed your whining ideas about inflation, and letting you know that bitcoin largely addresses these kinds of matters so long as you are engaging in responsible (and long term) bitcoin management.
Accordingly, if you had largely accumulated most of your bitcoin prior to 2019 (or even 2021 in my earlier example), then your bitcoin has appreciated way more than your cost of living has gone up. So largely bitcoin saves you from these matters, even though the various income that you have in dollars and your various dollar related investments have not gone up in value as fast as bitcoin and as fast as your dollar has been debasing. Yet bitcoin has gone up around 5-10x during that time.. so you largely need to establish your bitcoin investment and then let it ride for a while before you are really able to benefit from its appreciation in value relative to the debasement of the dollar and to not get sucked into some distractions in which you are cashing out of your bitcoin every year or every couple of years and complaining that bitcoin is not appreciating fast enough for you blah blah blah.
There is nothing really suggesting that the strength of bitcoin's investment thesis is getting any weaker, even though the upside price appreciation may well have less of an exponential curve in the future as compared with the past, yet at the same time, it seems to me that bitcoin is already programmed to outpace the debasement of the dollar.. part of the wonders of actual scarcity as compared with manipulations of scarcity or creating the impression of scarcity.
[edited out]
I just bought 30 extra large eggs at Costco for CA$7.69 (US$5.35 which works out to US$2.14/dozen). I'm not allowed to cross the border with them though so I can't help you out that way but maybe with some advice? The US national average for a dozen eggs is $4.95 so you're just in an unlucky area harder hit by bird influenza policies. Maybe it would be more cost-effective to convert one of your altcoin mining sheds to a chicken coop and sell eggs instead? You don't have to let them run free but you can charge more money for them if you do 
That is one of the great things about something like eggs. They are pretty easy to make as long as the chickens are not purposefully killed.
Every one of them that does not identify themselves as she/her will end as spicy chicken wings..
What a luxury to just eat the wings.